Amazon raises minimum wage by $1
Full-time Amazon employees will now get paid a minimum wage of $20 per hour.
Amazon has increased the minimum wage for its full-time operations workers in the United States by $1, raising the lowest hourly wage from $19 to $20. This move brings Amazon's minimum wage in line with Costco's, which also pays its entry-level workers $20 per hour. The company's total compensation package for these workers is now more than $32 per hour, taking into account benefits such as healthcare coverage and a free Amazon Prime membership.
Additionally, Amazon has introduced a new benefit called Day 1 Financial, which provides qualified employees and their families with access to low-cost financial services. Amazon's wage increase is higher than Walmart's and Target's, which both start workers at $14 and $15 per hour, respectively. However, it's important to note that this wage hike only applies to workers directly employed by Amazon, as the company continues to outsource certain positions to subcontractors.
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